Transfer and Title Clause Samples
The "Transfer and Title" clause defines when and how ownership of goods or property passes from the seller to the buyer. Typically, this clause specifies the exact point—such as upon delivery, shipment, or payment—at which legal title and associated risks transfer to the purchaser. For example, it may state that title passes when goods are loaded onto a carrier or when the buyer receives them at their destination. The core function of this clause is to clearly allocate ownership and risk between parties, thereby preventing disputes over responsibility for loss or damage during the transaction process.
Transfer and Title. A transfer of Bonds will be effected without charge by or on behalf of the Issuer, but upon payment by the relevant Holder of any tax or other governmental charges which may be imposed in relation to it. For the avoidance of doubt, any depositary bank used by a Holder for the safe custody of the Bonds (including without limitation the Clearing System) may charge fees for a transfer of the Bonds.
Transfer and Title. 5.1 Subject to receipt by the respective parties of the documents referred to in clause 2.3, legal title to the Commodities subject of a Sale Transaction shall pass from the Seller to the Purchaser on the Settlement Date being subject to and conditional upon receipt by the Seller of the Commodity Purchase Price in the applicable Settlement Account.
5.2 Delivery of Commodities under each Sale Transaction shall be effected upon the Commodities being credited to the Commodity Account in accordance with the Seller’s instructions to DD&Co Limited of ▇-▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ 0DH in the Netting Letter.
5.3 The Parties agree that the Commodities subject to any Sale Transaction under this Letter of Understanding shall be sold by the Seller and accepted by the Purchaser on “as is” and “where is” basis.
5.4 All payments to be made by the Purchaser pursuant to any Sale Transaction shall be made without any set-off or counterclaim, and in immediately available and transferable funds for value on the Settlement Date to the applicable Settlement Account.
5.5 All payments to be made by the Purchaser to the Seller shall be without deduction for any taxes, duties, charges or withholdings imposed, collected or assessed by any taxing authority unless the Purchaser is compelled by law to make any such deduction or withholding. In that event the Purchaser will ensure that such deduction or withholding does not exceed the minimum legal liability therefore and will pay to the appropriate authorities the amount deducted or withheld and supply a tax deduction certificate to the Seller and will in addition pay such further amounts as may be necessary in order that the net amounts received by the Seller after such deduction or withholding shall equal the amounts which would have been received in the absence of such deduction or withholding.
Transfer and Title. The conveyance to be delivered by Seller to Buyer shall be substantially in the form of Exhibit B (the “Assignment”), attached hereto and incorporated herein by this reference, and shall be with warranty of title against the claims of third parties claiming the same or any part. As reasonably requested by Buyer, Seller also agrees to execute and deliver at and after Closing such other assignments, bills of sale and other documents which are appropriate to transfer the Assets to Buyer.
Transfer and Title. (a) The entire legal and beneficial title to the CERs shall be sold and purchased under this Agreement and shall pass to the Buyer on Delivery.
Transfer and Title. (a) Definitive Floreat Aviation Notes Series A Title to the Floreat Aviation Notes Series A in definitive form will pass by delivery. The Issuer and/or the Paying Agent will (except as otherwise required by law or as otherwise ordered by a court of competent jurisdiction or an official authority) deem and treat the bearer of any Floreat Aviation Notes Series A in definitive form as the absolute owner thereof (whether or not overdue and notwithstanding any notice of ownership or writing thereon or notice of any previous loss or theft thereof) for all purposes.
Transfer and Title. 3.1 Title/Transfer/Delivery. On or prior to July 15, 2013, Seller shall cause the Contract RECs to be Delivered to the Buyer’s account with the Tracking System.